11. 192
Äüÿ÷åíêî ß. ß. Ýôôåêòèâíîñòü áþäæåòíîãî ôèíàíñèðîâàíèÿ ðàñõîäîâ ðàçâèòèÿ
Ñðàâíèòåëüíûé àíàëèç õàðàêòåðèñòèê ñîñòîÿíèÿ ìàêðîýêîíîìè÷åñêîé ñðåäû çà
2014–2016 ãîäû ïîêàçàë äàëüíåéøåå óãëóáëåíèå êðèçèñíûõ ïðîÿâëåíèé â ýêîíîìèêå
íà ïðèìåðå ïàäåíèÿ ðåàëüíîãî ÂÂÏ, äåâàëüâàöèè ãðèâíû, óìåíüøåíèå îáúåìà âûïóñêà
ïðîìûøëåííîé ïðîäóêöèè, ñîêðàùåíèÿ îáúåìà ýêñïîðòà è èìïîðòà, ðîñò èíäåêñîâ öåí
ïðîèçâîäèòåëåéè ïîòðåáèòåëüñêèõöåí.Îñíîâíûìèïðè÷èíàìèêðèòè÷åñêîãîñîñòîÿíèÿ
ýêîíîìèêèñëåäóåòñ÷èòàòüîòñóòñòâèåñòðàòåãèèñîöèàëüíî-ýêîíîìè÷åñêîãîðàçâèòèÿ
ñòðàíû, ñèñòåìíûõ ìåð ãîñóäàðñòâåííîãî ðåãóëèðîâàíèÿ ýêîíîìèêîé, ñîâåðøåííîé
ìîäåëè ïðåîáðàçîâàíèé. Äàííûå îá îáúåìàõ ãîñáþäæåòà íà ðàñõîäû ðàçâèòèÿ ïî
2010–2016 ãîäû â ðàçðåçå âèäîâ ýêîíîìè÷åñêîé äåÿòåëüíîñòè ïîêàçàëè ïðîâàëüíîå èõ
ïàäåíèÿ â 2015 è 2016 ãîäàõ â 5–6 ðàç, à â íåêîòîðûå ãîäû — è â äåñÿòêè ðàç.
Îáîñíîâàííî ïðè÷èíû è ïîñëåäñòâèÿ íåäîñòàòî÷íîñòè äîõîäîâ ãîñáþäæåòà äëÿ
ôèíàíñîâîãî îáåñïå÷åíèÿ ðåàëèçàöèè êëþ÷åâûõ ïðîáëåì ðàçâèòèÿ. Îòñóòñòâèå
ôèíàíñîâûõ ðåñóðñîâ è îãðàíè÷åíèÿ ðàçìåðîâ âûïëàò ìîæåò ïðèâåñòè ê îòìåíå ëüãîò,
âûïëàòèêîìïåíñàöèéìèëëèîíàìãðàæäàí.Çàòÿæíîéôèíàíñîâî-ýêîíîìè÷åñêèéêðèçèñ,
íåäîñòàòî÷íîñòü ñîáñòâåííûõ ñðåäñòâ ïðèâåëè ê íåäîîöåíêå íåîáõîäèìîñòè ñîçäàíèÿ
â Óêðàèíå ýôôåêòèâíîé ñèñòåìû ãîñóäàðñòâåííîãî êàïèòàëüíîãî èíâåñòèðîâàíèÿ è
îáåñïå÷åíèÿíàýòîéîñíîâåðåàëèçàöèèñòðàòåãèèóñòîé÷èâîãî ýêîíîìè÷åñêîãîðàçâèòèÿ.
Âòîðîé ïðîáëåìîé îðãàíèçàöèè êàïèòàëüíîãî èíâåñòèðîâàíèÿ ñëåäóåò ñ÷èòàòü
îòñóòñòâèå Íàöèîíàëüíîé ïðîãðàììû êàïèòàëüíûõ èíâåñòèöèé, ÷òî îáóñëîâëåíî
íåîïðåäåëåííîñòüþ îáùåãîñóäàðñòâåííûõ ïðèîðèòåòîâ, îòñóòñòâèåì öåëîñòíîé
ñèñòåìû îòáîðà, îöåíêè, ìîíèòîðèíãà è êîððåêòèðîâêè èíâåñòèöèîííûõ ïðîåêòîâ çà
ñ÷åò ãîñóäàðñòâåííûõ ñðåäñòâ, îòñóòñòâèåì ìîäåëåé èíñòèòóöèîíàëüíîãî è
îðãàíèçàöèîííîãî îáåñïå÷åíèÿ èõ ðåàëèçàöèè. Ïåðñïåêòèâîé äàëüíåéøèõ èññëåäîâàíèé
äîëæíà ñòàòü ðàçðàáîòêà óïðàâëÿåìîé êîìïëåêñíîé ìîäåëè óïðàâëåíèÿ
èíâåñòèöèîííûì êëèìàòîì â ýêîíîìèêå Óêðàèíû.
Êëþ÷åâûå ñëîâà: ìàêðîýêîíîìè÷åñêàÿ ñðåäà, ðàñõîäû ðàçâèòèÿ, èííîâàöèîííàÿ
ìîäåëü ýêîíîìèêè, ïðîãðàììà êàïèòàëüíûõ èíâåñòèöèé, ìîäåëü óïðàâëåíèÿ
èíâåñòèöèîííûì êëèìàòîì.
Dyachenko, Ya. Ya. The Effectiveness of Budget Financing of Development Costs
Comparative analysis of the characteristics of the macroeconomic environment for the
years 2014–2016 witnessed further deepening of the crisis in the economy displays an
example of real GDP hryvnia devaluation, reduction of industrial production, decline in
exports and imports, growth in producer price indices and consumer prices. The main reasons
for the critical state of the economy should be considered a lack of strategy of social and
economic development, systemic measures of state regulation of the economy, the perfect model
of reforms. Data on the volume of state budget expenditures for 2010–2016 of years in terms
of economic activity showed a failure to fall in 2015 and 2016 respectively 5–6 times, and in
some years and ten times. Grounded reasons and consequences of insufficient revenue budget
for financial support to key development issues. Lack of financial resources and limiting the
size of payments may lead to cancellation of privileges, benefits and compensation to millions
of citizens. Prolonged economic crisis, lack of own funds led to an underestimation of the need
to create inUkraine an effective system of state capital investment and on that basis implement
the strategy of sustainable economic development. The second problem of capital investment
should be considered no national program of capital investment, due to the uncertainty of
national priorities, lack of an integrated system of selection, assessment, monitoring and
adjustments of investment projects from public funds, lack of institutional and organizational
models to ensure their implementation. The prospect of further research should be to develop
a comprehensive management model driven investment climate in Ukraine’s economy.
Keywords:macroeconomic environment, developmentexpenditures, innovativeeconomic
model, the program of capital investments, investment climate management model.
www.unz.km.uaÓí³âåðñèòåòñüê³íàóêîâ³çàïèñêè,2017,¹61,ñ.182-192.